GBPUSD still stuck – Analysis - 13-11-2017

The GBPUSD pair keeps fluctuating inside the sideways range that its signs appear on the chart, and as long as the price is between 1.3096 support and 1.3295 resistance, the sideways move will remain dominant on the intraday basis, waiting to surpass one of these levels to detect the next targets clearly.

Note that breaking 1.3096 will push the price to suffer more losses that will reach 1.2973 as a next target, while breaching 1.3295 will stop the correctional bearish pressure and lead the price to achieve gains that start at 1.3419 and extend to 1.3618 after breaching the previous level.

Expected trading range for today is between 1.3070 support and 1.3295 resistance.

Expected trend for today: Sideways